TL; DR
Full story
In the late 2000s, the Hiptop/Sidekick became the first smartphone not aimed at business customers, but at younger consumers.
It had a screen that you had to slide up to unlock, which involved a 180-degree turn (very cool), and the software later evolved into Android.
The news we are going to discuss is relevant to crypto, just like the Hiptop was relevant to the mobile industry.
The crypto exchange Woo
Here’s why this seemingly boring development is bigger than you might think:
There is a narrative that all financial products will soon hit the blockchain rails – it has been touted for years by think guys on Twitter – and more recently: Larry Fink, CEO of BlackRock (the largest asset manager in the world).
But this is one of the first times an old financial product (T-bills) is being used Actually made tradable on the blockchain (also known as: tokenized).
And just as the Hiptop proved that there was demand for smart devices from broader consumers (beyond just business users), the tokenized T-bill will be a case in point to show that there is demand within the crypto space for legacy financial products ( not just the crypto-native tokens we have now).
If the question can be proven, it will show that there is money to be made.
And if there is money to be made, large institutions will race to tokenize as many old financial products as possible.
(Legitimate the crypto sector and thereby increase its value).